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20130121
20130129
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
, they will raise the debt ceiling to may 18. how will this impact president? >> what the house did it is illustrative of what will be ahead of us. they have not gotten over the defeat from november 6. we are going to tie everything to the debt ceiling, this budget crisis. they have no leverage over the president. they discover they have no leverage. now they have to find a way to back down. this is their face-saving device to kick it down the road until may. you will see more of this. the president is in a much stronger position of dealing with the congress and house republicans. >> you agree with that? >> i always respect colby's opinion. but i dissent, the president, like any other, absent a national event where he becomes the dominant central dramatic figure, watches his popularity be rationed out day by day. he is strong now. it is hard to believe he will be as strong one year from now. i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are expressing
stocks, overall, will head up. cheryl: there is a lot happening. with the big vote on the debt ceiling extension so short-term. it will give lori and melissa a lot to do in the next few moments. lori: thank you. good afternoon. i am lori rothman. melissa: and i am melissa francis. the extension of the debt ceiling. will it make the markets feel any more confident? lori: in the meantime, lou dobbs is here. secretary of state hillary clinton testifying on the benghazi attack. melissa: is the economy and low beer? we have an exclusive interview with the american trucking corporation bill graves. lori: the big apple shrinking? the new trend of micro- apartments in manhattan. 250 square feet. melissa: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: i saw pictures of those apartments, i would love to buy one. they actually look very cute. let's take a look at some of the earnings related names. let's start at mcdonald's. it is up about a half% here. they expect the management -- that is not
the debt ceiling so we should do it. we need to, you know, have a budget and need to reduce the deficit and need to make investments for the future. what he wanted to talk about is what a great country it is and how we need to make sure it's a country that offers opportunity for all americans and expands the middle class. >> you have been in the trenches. you know how divided congress is. do you think by not using words like compromise, by not reaching out in that very high profile speech, that it was a missed opportunity as some republicans are suggesting? >> well, i think that, you know, it's a little bit of looking backwards and the president was looking forward. i think what he was really saying is and reflecting in a way on his last two years, is he sought to compromise and compromise and compromise again and has gotten so little from the republican leadership. i think what the speech yesterday was about is we need to move forward and if going to, you need to know i'm going to be a determined president. we know the path forward. we may disagree on some things but let's get done wha
an agreement on the filibuster, nothing profound, but that they will raise the debt ceiling to may 18. how will this impact the presidency? >> what the house did is a sign of what is ahead of us. they have not gone over the defeat from november. they have no leverage. they disvered theyave e leverage and now have to wait to back down. this is a face-saving device to kick it down the road until may. the president is in a much stronger position in dealing with the republicans in the house. >> do you agree with that? >> i always respect colby's opinion, but the president, like any reelected president, essentially, absent a national event where he becomes a dramatic figure, watches his popularity be rationed out day- by-day. he is strong now. it is hard to believe that he will be as strong a year from now. what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are seeing a willingness, expressing willingness to let set in at the end of march, and that will mean another fight and
the debt ceiling for three months in exchange for passing a budget. >> it's time for us to come to a plan that will, in fact, balance the budget over the next ten years. >> reporter: today, white house press secretary jay carney indicated the president would not oppose a short-term solution. now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any inappropriate behavior regarding his e-mail exchanges with the woman from tampa, jill kelley. this case came to light originally as part of the petraeus affair. and an investigation was launched. >>> the u.s. state department confirms today three americans were indeed killed during that four-day hostage standoff in algeria. seven ameri
a deal the first time, the first time with a the debt ceiling 600 billion dollar number they came to and agreed to john boehner went over to the white house and ready to sign the deal and president obama said, no, make it 800, and moved the goal post and the mouse democrats say we'll punt this, kick the can down the road until april, the debt ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that apple. stuart: this is a financial issue. it's a budget issue, so they need a straight up or down vote in the senate and the democrats have a majority in the senate, but i'll put it to you, a couple of democrats there, who are going to say we're not al
are playing their version of let's make a deal over the debt ceiling. tomorrow the republican-controlled house expected to vote on a bill allowing the government to borrow money through may 18th. but they want something in return. chief congressional correspondent mike emanuel live in washington with the details. what is the latest? >> reporter: as part of raising the debt ceiling the house republicans will demand that the senate pass a budget with spending cuts included and will try to force getting it done by april 15th. a short time ago the top senate republican issued this call to action. >> and so it's my hope that the president will finally be willing to do what republicans have been asking him to do since his first inauguration four years ago and that is to work with us on identifying durable solutions to the problems that we can only solve together. to put aside those things we know we can't agree on and focus on what we can agree on. and we should start with spending and debt. because if we don't get a handle on that nothing else matters. >> reporter: bottom line republicans recognize
's scratching their heads. and now with the possibility of having the debt ceiling extension out to may, what you're going to see now is traders and other people that have positioned themselves to sell short-term volatility and buy it out to march. especially in the vix. now that's going to get rolled out to april, to may. you'll see this continued complacency. and when i say complacency, i don't think that's a bad thing. but the continued complacency in kind of this area of low volatility. that's just going to get extended out now. we get a couple more big earnings or good earnings surprises. and say apple comes out today with -- with some good guidance, we could see the vix call to the 11 handle which is really -- that's almost unprecedented. >> continued complacency, but the news of earnings is pushing forward? you can't fight the trend? >> no, you can't. what i'm seeing is traders especially that have wanted to be short or traders that have been buying, you know, upside calls in the vix, they're almost ready to throw in the towel. it's almost -- i don't. to say a capitulation, but guys do
world is not smouldering, but greece was not aflame, the united states had just done the debt ceiling. i said you know what? because the ecb finally started acting like the federal reserve, the panic is now over. didn't say the crisis is over, but the panic is over. >> you said carry stability. you talked about tend of financial panic. >> others are saying cautious optimism. >> right. but there's two separations. once we get done dealing with the panic. we'll be farced then we're not part of a business cycle. ben there, sdun this. >> but you've got to get ceiling debate in the u.s. you've got the italian elections. so we will see. >> the perception over here is that the extreme part of the republican party has backed off on this issue of the debt ceiling. >> well, sure, they're extending it. >> that's the perception there. >> steve, there you go. jon fortt better watch out, that's all i'm saying. >> he's covering the economy. we can swap for a while. >> that's not a badi. what do you think, kelly? >> receive, i have the blackberry 11 for the keyboard, right? >> no. you'll elect the virtu
highs and we are watching washington, dc, especially today the vote on extending the debt ceiling. the silicon valley index looks higher. how do beer flavored crackers sound? those are the hottest food friends in 2013 on display at the winter fancy food show at mascone center including peanut brighter spiced with chili and oil and cherry pits were other offerings. >> broccoli tree? >> my kids have cinnamon steak. >> thank you very much, jane king. >> interesting combinations for food. >> what is on the menu weather-wise? >> on the menu? not so spicy, with the southeast waiting for the sun to rise. here is the cloud cover, and you can see we have haze out there and pollution is possible, this is "spare the air" day and we have more moisture near so temperatures are in the 40's and 50's. live doppler 7 hd still showing our best radar run out over the ocean and light radar run so the possibility of sprinkles in the north bay but we have not seen anything on twitter or the national weather service so we assume it is a scattered sprinkle or two so we will wait for mid-morning for more
, you know, when it comes to this debt ceiling issue, or it comes to who's going to be elected, or health care issues or what have you. how is that -- how do you put that in to your investing hat? >> well, everything is a transaction, and it won't have an effect on prices, in any event, unless it has an effect on a transaction. so what i do is i know who the buyers and the sellers are. and then by thinking that through, i think how will it have an effect on transactions. far more important than, over the long term, the leader of a country will have some effect on the whole overall health of the economy. but even -- they can't even res. they're, you know, it's a very difficult challenge. the whole political system. you could be president of the united states and it doesn't mean you can change policy. then, if policy changes, it has to basically change the things that produce -- have an effect on productivity. it's something that's peripheral largely. like, for example, a bigger issue is how does financial transactions work such as if you lower interest rate, and you have nothing
banks are putting in. we're through the u.s. elections, ahead of the debt ceiling debate. in some sense there isn't an immediate crisis. it's a question now whether ceos can get through the real economic fundamentals. in some ways we're betwiked and between, kelly. >> i like the scarf, ross. >> yeah. that's the point. look, there's plenty to come on our coverage today. let me recap some of the people we're going to be talking to. john lipinski, formerly of the imf. and hamish tyrwhitt, construction group out of australia. we saw rates dip a little today. suggesting there's room to cut rates. and the executive dean of peking university. we're more relaxed about china, more relaxed than three or four months ago. we'll get the inside there. all of that is coming up on today's "worldwide exchange." how are the markets looking? >> perfect. we'll check the markets in a second. i want to bring news out of the bank upon spain saying fourth quarter gdp was down 1.not -- 1.7% drop, it was .6 drop. pretty large. and 2012 gdp down 1.3%, down from a contraction of 0.4% in 2011. more difficult news f
, or if you can use the debt ceiling, which you can, in the end, pull the trigger on -- which you cannot, in the end, fully drawn. it would be catastrophic. it means to have to cut spending by 40% overnight, which you cannot do. unless you can execute the glove, don't good because obama will call it as he called it on generate first of this year, has he would with the debt ceiling. don't execute if you cannot carry out the block. i hope you weren't applauding carry out the blood appeared in which case, my entire argument is undermined and has gone nowhere. >> i think there is a small contingent. >> and they are on suicide watch. i hope their shoelaces have been removed. [laughter] so you do what i think the house members in their retreat in williamsburg very cleverly did. you pick your fights and you don't try to govern from one house. you get very small advances. i recommended last week, that in return for a temporary debt ceiling for three months, the the return to the senate and produce a budget. they adopted the idea and they have already succeeded. the senate will now produce a budg
's not as if you can do gun control and immigration and the debt ceiling. guess what, we're paying these people, they have tons of staff, they can do more than one thing. the question is not do you have political capital, the issue is, do you have political courage? that's what you need to see more from politicians, courage, and not so concerned about whether or not they'll get re-elected. >> senator feinstein obviously saying it's an uphill battle, but she pointed to what the voters want. 54%, 44% do not support. obviously, by party, if you broke that down, it could be different. but, again, this question to you. if there is the will to do not a lot on guns, but something, is this the something? >> i think absolutely not. and i think it's really important that you noted that statistic early on. but another thing to note is a lot of the folks who answer that question don't necessarily know what an assault rifle is. these assault weapons are designed essentially by cosmetic features that the gun has, like the kind of grip that the gun has. these are not machine guns. assault weapons, you fire on
is that this idea that there is a deficit crisis and we're going to be greece if we don't breach the debt ceiling and impose budgets that cut the government 40% in ten years, the idea behind those crisis mongers is that we have to slash the heck out of social insurance, out of programs that provide educational opportunities for poor people, out of things that push back against economic inequality. we can't afford it. we must cut them. the crisis dictates it. if there is no crisis and, as krugman and i argue, there is no crisis, if there is no crisis, they're just out there in nowhere land by themselves, by the way, without the majority of the electorate behind them. >> very briefly, jared, if you can, eric cantor says taxes are done, no taxes, so i guess another stalemate to come on that? >> i see -- it's hard to see how the budget that's going to come out of the senate, and i think patty murray is going to do a very good job on that, is going to reconcile with the kind of budgets we're looking at. >> jared bernstein who absolutely deserves the nobel peace prize, thank you, sir, thank you for joi
that connecting debt ceiling votes and budget negotiations -- connecting debt ceiling votes and budget negotiations was something he said that -- quote -- "we had never done in our history until we did it last year." well, that statement is false. frankly, we shouldn't be talking about responsible spending reform every time we debate any measure in congress that involves spending money. we should seniorly do it when we're debating borrowing more money. the debt limit has been used at least 20 times in the past 60 years specifically tied to debating fiscal reform. for example, in 1954, congress passed a temporary increase specifically as a way to control future finances. in 1967, the house actually defeated a debt limit increase so that it could force president johnson to quit using some of the budget tricks that he had been using. in 1970, the debate over the debt limit included amendments to cut defense spend, impose a spending cap, and freeze congressional pay until congress passed a balanced budget. in 1983, congress actually defeated a debt limit increase bill. senator russell long
. that has to change. [applause] now, the house won't consider another debt ceiling increase unless the senate passes a budget. and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he tho
that are important to you. now republicans dealing with fiscal cliff and debt ceiling and sequestration -- the average family in this country lives with debt. quite a bit of that. they do not look at that as a bad thing. it is what enables them to own a home. to send a kid to college. to buy a car. to start a business. to have a credit card that lets them go out to dinner once or twice a month. go on a family vacation. i do not think that makes them take. it makes them live their lives responsibly. they have jobs. to say, that is a four letter word. you can't turn that into chileans. his whole thing about job creators, that is fine. republicans on that space now. later contentment cannot most americans right now are neither job creators nor job seekers. the vast majority of households in this country are jobholders. not job creators. what was the message exactly? i do not know, and i paid attention. i know what the message should be to them. my household has two or three jobs, we are not worried about losing our jobs. the jobs bill longer enough. when you are a kid and your father had a
as obama was elected are going to cross their arms and they are not going to raise the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year. >> reporter: now, we have been asking our guests here for the riskometer. on this side we have is the u.s. a bigger threat to global growth in 2013. on this side the e.u. lutnic thinks the u.s. is by far the bigger. as you look overall most people still seem to believe europe is the biggest threat in 2013. by the way, speet tweet me wher think the biggest threat is. >> very official looking. did you make that yourself? >> don't you mock it? it works and it is doing a good job. >> we will have people tweet you and see what
overseeing t.a.r.p. and navigating the financial crisis to facing off with congress against the debt ceiling and the fiscal cliff, here is a look at the past four years as geithner gets set to exit. >> nbc news is now reporting that timothy geithner will be the treasury secretary under president-elect barack obama. >> tim geithner offers not just extensive experience shaping economic policy and managing financial markets. he also has an unparalleled understanding of our current economic crisis. >> the ayes are 60, nays are 34. >> i, timothy f. geithner, i pledge all of my ability to help outline that challenge. we are outlining a new fiscal stability plan. >> will you step down from your post sdmp. >> it is a great privilege for me to serve this president and i am very pleased to have a chance to address the range of concerns you said. i agree with almost nothing in what you said. >> we've got the t.a.r.p. it's suppose to expire. >> we are working to put the t.a.r.p. out of its misery and no one will be happier than i am. >> i am complete confidence in tim geithner. >> lots of great people w
emanuel is live on capitol hill with more. when we take up the debt ceiling deal? reporter: the senate is likely to take up the bill some time next week. they are required to pass a budget by april 15. bottom line, fiscal conservative senators are loving it. >> they have really written some good budgets, tough budget that they have defended, but the democratic senate has just a few. they say send more money. they need the american people to send more money. we don't need a budget to tell you where the money is going to be. so i think that they understand. >> some are complaining that the senate democrats refused to do about it for three years in a row. finally, now that the house has passed the measure and we start to hear the senate democrats saying that they are going to do a budget. jon: is part of that deal, they are required to pass it by april 15, or else no budget and no pay. they will ultimately get paid down the road, but for those who are not part of the millionaires club, no paycheck, even in the short term. arthel: what are the democrats in the senate saying? are you feelin
our plan. he pays attention to that? jillion dollars increase in the debt ceiling is out there. with president obama with his skills, if he calls together side tad and says here's my plan to save medicare. here's a plan to save medicaid. here's my plan to fix the debt. i want bipartisan support to do that. at first because it's a difficult issue, everybody will say we can't do it that way and then we'll sit down and talk and come up with the result. i think the republican leader has shown he is prepared and willing to do that. he sat there, done it on other issues. i don't allow us the rest of us can do to show that. so what i'm trying to respectfully say today is much if anything to the president of the united states is congratulations on your inauguration. i was there prior to participate for a chance to stay for a minute and a half where we celebrate for the 57th time the inauguration of an american president. we celebrate because our country is distinguished from most other countries in the world a peaceful transition or reaffirmation. we have our political contest and the
Search Results 0 to 28 of about 29 (some duplicates have been removed)